Monolithic Power Systems saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 80 to 85.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
Monolithic Power Systems has climbed more than 5% past a 755.00 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Monolithic Power Systems showed 33% EPS growth in the latest quarterly report, while sales growth came in at 31%.
Monolithic Power Systems earns the No. 7 rank among its peers in the Electronics-Semiconductor Fabless industry group. Astera Labs, Advanced Micro Devices and Broadcom are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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